Buy now or wait for Bitcoin? - page 9.

alan2here

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Quote from: WatchMaker on October 21, 2019, 05:25:23 PM

I don't think buying bitcoin now is a good idea because we are in the fourth quarter of the year 2019. The majority of people buy bitcoin in the second and third quarter and wait for the winter - the fourth quarter to dump their bitcoins for profits. thus, I suggest you wait for January 2020 before buying your bitcoin.

The best time to invest is usually from January to April because it is a time when many investors tend to buy and often cause this market to have new growth. I think the investment needs to have a specific strategy and a reasonable time because each phase will have many changes and all investors need to be prepared for every moment.

I personally love trading but I only participate when the market is clear and if it is a good option then I will buy more to earn high profits.

adroitful_one

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Quote from: WatchMaker on October 21, 2019, 05:25:23 PM

I don't think buying bitcoin now is a good idea because we are in the fourth quarter of the year 2019. The majority of people buy bitcoin in the second and third quarter and wait for the winter - the fourth quarter to dump their bitcoins for profits. thus, I suggest you wait for January 2020 before buying your bitcoin.

But, you want to buy Bitcoin while the price is in a dip. You don't want to wait until the price of Bitcoin goes up to buy in. If you do, you'll be in at the top and you could get screwed. You don't want to be holding Bitcoins that you bought in at $13,000 and it not hit that price again for 6 months. It will drive you crazy. Better to buy in at a lower price. Anything where it is now and lower is a great price to get in in my opinion.

WatchMaker

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I don't think buying bitcoin now is a good idea because we are in the fourth quarter of the year 2019. The majority of people buy bitcoin in the second and third quarter and wait for the winter - the fourth quarter to dump their bitcoins for profits. thus, I suggest you wait for January 2020 before buying your bitcoin.

wxxyrqa

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In my opinion, today Bitcoin is too risky an asset for inexperienced traders who receive income through daily trading. But if you take into account the possibility of investing, then the current situation on the cryptocurrency market is just the right time for a profitable transaction, since Bitcoin fluctuates almost within the framework of one indicator and it seems to me that the price of $ 7900 was the maximum minimum, after which we can expect an improvement in positions, This is especially evident today at around $ 8,200.

Triffin

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Quote from: HarmonyA on October 20, 2019, 01:39:14 PM

Whenever you join an investment is the right time for you, so they said. I bought some btc today and I am glad that I did, though I bought it for trading but it already seem positive.

It is very good that you did not waste your time while thinking that whether I buy Bitcoin now or not because in these days one should not wait for dump because Bitcoin already has passed from bad times and now it’s the time that Bitcoin will rise and its price will much high in coming weeks, so in these days investment in Bitcoin is very precious asset for future.

iv4n

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Quote from: d3nz on October 21, 2019, 03:29:41 AM

As of today the valur of bitcoin is a good deal and i think it is already at end of bottom and more likely it will pump up very soon. That is why some altcoins value are going down since investors are selling it to get more bitcoin which is much profitable.

I don't know if the speculation roaming around about the value of bitcoin will rise to $16K at the end of this month. It will be a game changer if that will happen since that is a bullish market signal.

We can try to guess where is the bottom, it some way I`m doing that for years. Its a job for a trader to try to buy at the bottom, to try to predict it, and when we succeed in that we make a nice profit. In years behind I had some nice trades, I like to say its more luck than knowledge in my situation.
For long term trading I think it`s not so important when you are buying. If you plan to invest in bitcoin for long run, its better to do it in few times, don`t spend all the money at once, buy some now, then wait, buy again, wait, buy again. If you are lucky you will buy some bitcoins at huge discount, others at regular price.

d3nz

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As of today the valur of bitcoin is a good deal and i think it is already at end of bottom and more likely it will pump up very soon. That is why some altcoins value are going down since investors are selling it to get more bitcoin which is much profitable.

I don't know if the speculation roaming around about the value of bitcoin will rise to $16K at the end of this month. It will be a game changer if that will happen since that is a bullish market signal.

alan2here

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Quote from: zeze18 on October 20, 2019, 09:24:00 AM

Quote from: hyper7 on September 04, 2019, 06:41:10 AM

Hi all,

I want to invest some money in Bitcoin (long term investment)
It's better wait the next fall down (like the situation on December/January), or buy now?
Otherwise fixing a target for example 7000 or 8000 $ and buy in that moment?

Thank you in advance for your suggestion

No one know when is the next fall or pump.
Always be ready for bitcoin movement, buy now and set a stop loss. And when it pump you wont regret your decission.
Long time investment is always good for anytime, no need to wait the price fall down because it will always up in a long term

I'm not sure about this but very few coins are pumped this year so there will be a lot of issues that you need to consider carefully when investing. I think the huge volatility of crypto makes you have a lot of difficulties investing and a lot of big investors have lost a lot of money in this market. In my opinion should rely on analysis to have a good investment strategy and always be careful with Bitcoin because this is the coin that can decide this market.

I trade in this market every day but the opportunity to make a profit is very small because the bear market is still overwhelming this market this year.

DiamondCardz

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It's my belief that DCA (Dollar Cost Averaging) is the smartest thing you can do if you want to invest in Bitcoin and minimize your exposure to variance. You take a set amount of money, say $1200, and you drop it evenly into the market over intervals. For instance $100 a month for a year.

That way you average your exposure to variance on the day you invest, and instead you effectively get Bitcoin at the 'average' price over whatever period you DCA over.

HarmonyA

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Whenever you join an investment is the right time for you, so they said. I bought some btc today and I am glad that I did, though I bought it for trading but it already seem promising. You can fix your buy at any amount desired by you depending on your investment plan and the capital at your disposal.

gantez

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Quote from: iamaruf on October 19, 2019, 09:10:25 PM

I saw this kind of same post from 2017.There people asked that is this right time to buy bitcoin? Maybe i loss the bitcoin train.that time bitcoin was 2000-3000. But i don't know after that what happened with them. Now bitcoin price is 8k$.its your choice man.check previous history and make an analysis about bitcoin then buy. Don't be late to buy bitcoin. If bitcoin hit to 20k$ then you will regret. After all,invest at our own risk.

Base on this and the fact that we are approaching the end of the year and with halving being expected next year, this might be a nice time to get some coin. Again, price is hanging for long around same range of 8k, it might not go down too deep again. However, this isn't a financial advise.

BigBos

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Quote from: hahay on October 20, 2019, 11:11:51 AM

Quote from: Savemore on October 20, 2019, 08:34:34 AM

My trading mentor said that I should not believe to the trading tips about the right time of purchasing a token. You will probably lose your money if you will follow the tips of fake gurus in the internet. It is better if you will just trust yourself.

So having a mentor or not is not the main thing because believing in yourself will be a good decision even though the results are not always good, and about when the right time to buy bitcoin I think it depends on your own goals. The price of bitcoin now seems to require us to wait for a lower price but that goes back to our goal, because in investment there are terms about the long and short term. So whatever your goals, then you alone can determine when the right time to buy.

Exactly, I also feel that mentors cannot guarantee our success in trading. although he does have experience, it's only a matter of time until we have the same experience. always believe in yourself. keep trying and experimenting, it makes you grow, and even you can have better potential than a mentor. your own decision will determine which direction you will go.

hahay

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Quote from: Savemore on October 20, 2019, 08:34:34 AM

My trading mentor said that I should not believe to the trading tips about the right time of purchasing a token. You will probably lose your money if you will follow the tips of fake gurus in the internet. It is better if you will just trust yourself.

So having a mentor or not is not the main thing because believing in yourself will be a good decision even though the results are not always good, and about when the right time to buy bitcoin I think it depends on your own goals. The price of bitcoin now seems to require us to wait for a lower price but that goes back to our goal, because in investment there are terms about the long and short term. So whatever your goals, then you alone can determine when the right time to buy.

zeze18

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Quote from: hyper7 on September 04, 2019, 06:41:10 AM

Hi all,

I want to invest some money in Bitcoin (long term investment)
It's better wait the next fall down (like the situation on December/January), or buy now?
Otherwise fixing a target for example 7000 or 8000 $ and buy in that moment?

Thank you in advance for your suggestion

No one know when is the next fall or pump.
Always be ready for bitcoin movement, buy now and set a stop loss. And when it pump you wont regret your decission.
Long time investment is always good for anytime, no need to wait the price fall down because it will always up in a long term

Savemore

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My trading mentor said that I should not believe to the trading tips about the right time of purchasing a token. You will probably lose your money if you will follow the tips of fake gurus in the internet. It is better if you will just trust yourself.

Rebisco

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Even the price of the bitcoin is now cheap, I still do not buy because I'm waiting a confirmation where I can execute my trading set ups. The bitcoin is in bearish market and its cheap price can become more cheap.

biddicoin

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Quote from: TelolettOm on October 19, 2019, 09:29:29 PM

It must be clear what is the reason for you buying bitcoin. whether for investment. trading or others. It must be clear because right now there are many people who do not understand what their reasons for investing. they just follow people. but it is not wrong to buy bitcoin, but there should be other reasons that make us sure

OP said clearly that will use for investment

Quote

I want to invest some money in Bitcoin (long term investment)

IMO no one know where is the bitcoin bottom, how exact price the bottom is. Basically, the current price (about 8k $) is low price, but i prefer for waiting deathcross so can get cheaper price
then buy in the dropping price, hold until next ATM. many people believe in the bitcoin halving bitcoin will be pumping, so you can sell it approx 1/2 year from now

Janation

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Quote from: TelolettOm on October 19, 2019, 09:29:29 PM

It must be clear what is the reason for you buying bitcoin. whether for investment. trading or others. It must be clear because right now there are many people who do not understand what their reasons for investing. they just follow people. but it is not wrong to buy bitcoin, but there should be other reasons that make us sure

Obviously it is for their profit.

Since the price is now low, it is a good time to invest.

To be more specific, I think what you are saying is there should already be a plan for what you will be doing with the Bitcoin or cryptocurrency you will be buying. There should be a plan, a strategy, and most of all you should know if you could afford to invest in it and know what you are doing. If you just go head first in this kind of investment without any knowledge about it, you should be ready to lose your money.

Omega Weapon

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Quote from: perla on October 14, 2019, 10:14:17 PM

Quote from: Omega Weapon on October 14, 2019, 08:56:13 PM

Quote from: hyper7 on September 04, 2019, 06:41:10 AM

Hi all,

I want to invest some money in Bitcoin (long term investment)
It's better wait the next fall down (like the situation on December/January), or buy now?
Otherwise fixing a target for example 7000 or 8000 $ and buy in that moment?

Thank you in advance for your suggestion

If you do not know what to do how do you expect us to know what it is best for you? I can answer that question when it comes to myself because I know the circumstances of my life and my preferences when it comes to the risks I am willing to take in this market, but we do not know anything about you so giving you any kind of advice while helpful it will not address all the possible ramifications of such an important decision, for these reasons it is better that you do not invest in the market until you can answer that question yourself.

I think it is better to analyze about something like this by ourself. Not means we not want to give him information, but if not start early we wouldn't be better in future. Especially some people's speculation or prediction or maybe suggestion can be wrong, or maybe only work for themself.

It is not my intention to be selfish or anything but there are many people in the market that ask the same question and they do not seem to understand that giving them an advice could have huge repercussions on their lives, repercussions they are not capable to understand since most of those that invest in the market never think about the possibility of losing their money despite this being the most common outcome, those looking to invest should learn how to do it by themselves otherwise they are not ready to become investors.

TelolettOm

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It must be clear what is the reason for you buying bitcoin. whether for investment. trading or others. It must be clear because right now there are many people who do not understand what their reasons for investing. they just follow people. but it is not wrong to buy bitcoin, but there should be other reasons that make us sure

Topic: Buy now or wait for Bitcoin? - page 9. (Read 2600 times)